US, China agree to push forward trade, investment ties

11 Jun '21
2 min read
Pic: Shutterstock
Pic: Shutterstock

Chinese commerce minister Wang Wentao and his US counterpart Gina Raimondo recently agreed to push forward trade and investment links in their first call since the new US administration took over in January, with Washington seeking a more level playing field. Wang and Raimondo “agreed to promote the healthy development of pragmatic cooperation in trade and investment,” in a phone call on June 10 morning.

The two “exchanged views frankly and pragmatically on relevant issues and mutual concerns,” according to a Chinese government statement.

Raimondo “discussed the Biden-Harris administration’s focus on economic policies benefiting American workers and expressed US concerns, including China’s unfair and market-distorting industrial policies, the need to level the playing field for U.S. companies in China, and the importance of protecting U.S. technology from unauthorized users,” the US commerce department said in a statement.

The call was the third between senior officials in recent weeks, after Vice Premier Liu He spoke with US trade representative Katherine Tai and treasury secretary Janet Yellen.

The two sides are gradually trying to resume official contact after the January change of administration in the United States.

Normal communications between the two countries have started, according to Chinese commerce ministry spokesman Gao Feng. The two sides have agreed to pragmatically solve some issues for producers and consumers, and promote healthy, stable economic and trade ties, he said.

While there are issues, “the essence of trade and economic relations is mutually beneficial and win-win,” Feng told reporters in Beijing.

Fibre2Fashion News Desk (DS)

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